“Softbank released a short statement today describing the reported Apple iTunes mobile phone plans as guesswork by the media. On May 13th the Japanese Nihon Keizai Shimbun Saturday Morning edition reported that Apple and Softbank would develop a mobile phone that has a built-in iPod digital music player,” I4U News reports.
Brief article with more information here.
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Nikkei: Apple, Softbank plan iPod mobile phones – May 12, 2006